Fix it with Sainsbury’s Finance - Savings - News - Moneyfacts


Fix it with Sainsbury’s Finance

Fix it with Sainsbury’s Finance

Category: Savings

Updated: 02/09/2010
First Published: 02/09/2010

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Sainsbury's Finance has launched a new short term savings account that should prove popular with investors

The One Year Fixed Rate Saver is a telephone and internet operated account with a minimum investment of £5K paying 2.80% yearly and monthly. No earlier access or further additions are permitted, and the account has a maximum investment limit of £50K.

This one year bond is amongst the market leaders in the short term field and the monthly option offers good returns for investors looking to supplement their income.

However, the product will not allow access to funds, as standard with fixed rate products, so savers must ensure they can leave their money untouched for the full term.

Four out of five Moneyfacts stars have been awarded.

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